This prize, established in 1997, is made to the author of a paper published by the American Risk and Insurance Association (ARIA) that provides the most valuable contribution to casualty actuarial science.
Papers eligible for the prize include articles, workshop articles, and invited papers published in the Journal of Risk and Insurance during the preceding year. Papers published in new ARIA journals may also be eligible for this award. If no paper is considered eligible in a given year, the award shall not be made.
Papers will be judged by a specially appointed committee of the Society, whose decision will be final.
The presentation of the award will be made annually at the August ARIA Meeting. The author of the prize winning paper will be invited to present the paper at a CAS meeting.
The amount of the ARIA Prize is currently $1,000.
Recipients of the ARIA Prize
“A Multivariate Analysis of Intercompany Loss Triangles”
“Pricing in the Primary Market for Cat Bonds: New Empirical Evidence”
Jeffrey Pai, Milton Boyd, and Lysa Porth
“Insurance Premium Calculation Using Credibility Analysis: An Example from Livestock Mortality Insurance”
Edward W. Frees, Glenn G. Meyers, and A. David Cummings
“Insurance Ratemaking and a Gini Index”
Wayne Zhang and Vanja Dukic
“Predicting Multivariate Insurance Loss Payments Under the Bayesian Copula Framework”
M. Martin Boyer, Eric Jacquier, and Simon Van Norden
“Are Underwriting Cycles Real and Forecastable?”
Richard A. Derrig and Sharon Tennyson
“The Impact of Rate Regulation on Claims: Evidence From Massachusetts Automobile Insurance”
“An Economic Approach to Capital Allocation”
J. David Cummins and Phillipe Trainar
“Securitization, Insurance, and Reinsurance”
"Natural Disaster Insurance and the Equity-Efficiency Trade-off"
Patrick L. Brockett and Linda L. Golden
“Biological and Psychobehavioral Correlates of Risk Taking, Credit Scores, and Automobile Insurance Losses: Toward an Explication of Why Credit Scoring Works”
“Solvency, Capital Allocation and Fair Rate of Return in Insurance”
David Cummins and Richard D. Phillips
"Estimating the Cost of Equity Capital for Property-Liability Insurers"
Stephen P. D'Arcy and Richard W. Gorvett,
"The Use of Dynamic Financial Analysis to Determine Whether an Optimal Growth Rate Exists for a Property-Liability Insurer"
Natacha Brouhns, Montserrat Guillén, Michel Denuit, and Jean Pinquet,
"Bonus-Malus Scales in Segmented Tariffs With Stochastic Migration Between Segments "
Patrick L. Brockett, Richard A. Derrig, Linda L. Golden, Arnold Levine, and Mark Alpert,
"Fraud Classification Using Principal Component Analysis of RIDITs"
Stewart C. Myers and James A. Read Jr.,
"Capital Allocation for Insurance Companies"
Richard D. MacMinn, Patrick L. Brockett, Hung-Gay Fung, Gene C. Lai, and Robert C. Witt,
"Great (and Not So Great) Expectations: An Endogenous Economic Explication of Insurance Cycles and Liability Crises"
J. David Cummins, Martin F. Grace, and Richard D. Phillips,
"Regulatory Solvency Prediction in Property-Liability Insurance: Risk-Based Capital, Audit Ratios, and Cash Flow Simulation"
Richard D. Philips, J. David Cummins, and Franklyn Allen,
"Financial Pricing of Insurance in the Multiple-Line Insurance Company"
Joan Lamm-Tennant and Mary Weiss,
"International Insurance Cycles: Rational Expectations/Institutional Intervention"
"Extreme Values in Business Interruption Insurance"